BlackRock Bitcoin ETF Sees Record Daily Outflow As Crypto Pauses Rally
- Traders pulled $333 million from BlackRock’s iShares Bitcoin Trust ETF on Thursday, marking a record daily outflow.
- It marked the third straight day of outflows, the fund’s longest stretch ever.
- Bitcoin had been on a tear since Trump’s election win but has slowed its in recent weeks.
BlackRock’s spot bitcoin ETF saw record outflows yesterday as crypto takes a breather from its blockbuster rally.
Investors pulled $333 million from the iShares Bitcoin Trust ETF on Thursday, marking a record daily outflow since the fund debuted last January, according to Bloomberg data. The losses also make for a three-day losing streak, its longest stretch of consecutive outflows ever.
Bitcoin and the broader crypto…
